Hypercompetitive environments are most common among global competitors, and Lululemon would fall into this category. Which of the following is a characteristic of hypercompetition that is an essential part of Lululemon's strategic management process? a. High barriers to entry
b. A low-cost environment
c. A monopoly on resources
d. Successful innovation

d. Successful innovation

Explanation:

The company should focused on the innovation of the product and the technology in order to develop the innovative yoga pants along with the fabrics. So for successful innovation it represent the key to received the competitor head for the hypercompetitive environment

So as per the given situation, the option d is correct

And, the same should be considered